Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Residential Buildable Lot Title is generated by Realmo AI

    Cotton Bayou Drive lot 21, Orange Beach, AL 36561

    View on Map
    Claim this Listing
    For Sale
    $265,000

    LAND - Orange Beach, AL

    Lot size:
    0.20 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    251
    Last Refresh:
    Jun 6 at 1:06 pm

    Property Features for Cotton Bayou Drive lot 21

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    65-02-09-0-001-161.000
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Description
    50 X 200 Lot 21 Blk 3 Garrett Sub Mb3 Pg23 In The City Of Orange Beach Sec 9-T9s-R5e (Wd)

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Erika Plyler

    Listing agent Erika Plyler License #139138

    Listing office Keller Williams AGC Realty - Orange Beach 4725 Main Street Suite F228, Daphne, AL

    Listing date Sep 29, 2025

    MLS# 385840 Listing URL

    Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 50' x 200' residential lot on Cotton Bayou Drive in Orange Beach, AL
    • 0.4 miles to the nearest public beach access
    • 0.6 miles to Cotton Bayou Public Boat Launch
    • Closest marina is about 0.5 miles away for convenient boating access
    • Undeveloped lot ready for a future beach home; Adjacent Lot 22 is also listed for sale

    Overview

    This offering is an undeveloped waterfront residential lot measuring 50' by 200', providing a blank canvas for a custom beach home. The property is listed as Land and is currently unimproved, so buyers can plan their preferred development approach during due diligence.

    The lot is located on Cotton Bayou Drive in Orange Beach, Alabama. Public beach access is approximately 0.4 miles away, and the Cotton Bayou Public Boat Launch is approximately 0.6 miles from the property. A marina is also noted at about 0.5 miles away, supporting a boating-focused lifestyle.

    For buyers seeking a residential site near both beach access and boating amenities, this parcel offers a straightforward starting point with an available buildable footprint. Adjacent Lot 22 is also listed for sale, which may be of interest to buyers considering additional land options. Buyer should verify all information during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Orange Beach
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.5776125
    Latitude
    30.2770956

    Nearby Similar for Sale

    • $440,000

      Luxury RV Lot in Orange Beach

      Premium RV site with outdoor kitchen near Gulf beaches.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $399,000

      RV Lot in Coastal Resort

      Premier motorcoach resort lot near beaches and recreation.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $1,145,000
      3,333 SF

      Single-Story Triplex in Coastal Community

      Spacious triplex with flexible layout in a golf-cart-friendly community.
      27523 Park Drive, Orange Beach, AL 36561-9999
      View Details
    • $495,000

      Large Lot in Ono Harbour

      Oversized corner lot in gated community with boat slip.
      00 Harbour Drive, Orange Beach, AL 36561
      View Details
    • $1,099,000

      Waterfront Land with Boathouse

      Cleared canal-front lot with boathouse in Orange Beach, AL.
      26579 Marina Rd, Orange Beach, AL 36561
      View Details
    • $1,900,000
      4,080 SF

      Versatile Commercial Property on Canal

      Well-maintained 4,080 SF commercial property on 1.37 acres.
      25472 Canal Rd, Orange Beach, AL 36561
      View Details
    • $530,000

      Improved RV Lot with Gulf View

      Premier RV lot with unobstructed Gulf views and resort amenities.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $399,000

      RV Lot with Tiki Hut

      Generously sized RV lot with tiki hut near resort amenities.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $349,000

      RV Lot in Buena Vista Resort

      Corner lot with resort amenities near Orange Beach.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $599,900

      Waterfront Homesite Land

      Build-ready waterfront homesite with protected harbour frontage and an assigned boat slip at the community pier.
      Harbour Drive lot: 9, Orange Beach, AL 36561
      View Details
    • $550,000

      Luxury RV Lot with Pool

      South-facing RV lot with pool, hot tub, and house plans.
      23601 Perdido Beach Boulevard, Orange Beach, AL 36561
      View Details
    • $1,200,000

      Waterfront Lot on Ono Island

      Half-acre waterfront lot with Intracoastal Waterway and bay access.
      33343 River Road, Orange Beach, AL 36561
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your coastal home on an undeveloped waterfront lot with convenient beach and boating access nearby.
    Where is this residential land & home lot located?
    The property is located at Cotton Bayou Drive lot 21 Orange Beach, AL.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: 50' x 200' residential lot on Cotton Bayou Drive in Orange Beach, AL; 0.4 miles to the nearest public beach access; 0.6 miles to Cotton Bayou Public Boat Launch
    (251) 284-0638
    We can help!
    Listing Contact
    Erika Plyler
    Real Estate License ID: 139138
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Cotton Bayou Drive lot: 21, Orange Beach, AL 36561
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!